![]() ![]() Most successful social engineering attacks prey on people’s emotions. And thanks to the growing number of “as-a-Service” criminal software available on the Dark Web (where unskilled criminals simply rent attack software from skilled hackers in exchange for a percentage of any profits gained), social engineering is perfect at helping them meet their objectives. Cybercriminals use this strategy because they operate with goals similar to legal businesses – they want to maximize profit while reducing operational costs. Social engineering attacks offer a high-impact, low-cost method to commit cybercrime. In 2020, data breaches cost organizations, on average, $3.86 million apiece. These online criminal forums and shopping sites sell credit card information, medical records, social security numbers, and other personally identifiable information (PII) that were stolen from organizations that did not properly secure the digital information of their customers or client. The information used to gain the trust of a potential victim is often purchased on the Dark Web-specialized criminal networks on the internet that require specialized software, configurations, or authorization to access. And nearly all of these attacks have a common origin: social engineering. The news is regularly filled with stories of companies that have been victims of cyberattacks, whether ransomware, data theft or denial of service.
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